A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.

Buying Tip - Focus on "Old Listings"

In this crazy Calgary Real Estate market, it's not uncommon to have made a dozen offers and still not be under contract for a home. For those of you in that situation, here is a bit of advice:

Avoid the new properties coming onto the market, that look pretty and are priced at or below market value! These are the properties that get crazy multiple offers and can sell way, way over the asking price!

Even in a crazy market like the one we have today in the City of Calgary, some properties sit on the market. They usually sit either because they came on the market over-priced, or they don't show well -- or BOTH.

These are the properties you want to make offers on!

Why? Because you most likely won't have to compete with ten (or twenty) other buyers and you'll most like be working with a more motivated seller (after a couple of months on the market, all sellers tend to become more motivated) who's willing to consider an offer below their asking price.

If you want to receive a list of properties that have been sitting on the market for too long in the neighbourhoods that you prefer, dash me off an email or call me with your contact info and I'll send some your way.

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